Authority: National Company Law Tribunal, Ahmedabad Bench (Count-2)
Order Date: 17/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad bench heard an application filed by Canara Bank against Ashapura Garments Ltd under Section 7 of the Insolvency and Bankruptcy Code (IBC). The specific application IA/927(AHM)2026 was filed under Rule 11 of the NCLT Rules 2016. The applicant (Canara Bank) sought to take on record the revised list of stakeholders and revised liquidation estate in the ongoing insolvency proceedings registered as CP(IB) 732 of 2019.
Final Outcome
The NCLT bench comprising Mrs. Chitra Hankare (Member Judicial) and Dr. Velamur G Venkata Chalapathy (Member Technical) allowed the application. The revised list of stakeholders and revised liquidation estate were taken on record "with just exceptions." The tribunal directed that the report be placed with the main file for further reference and disposed of the application IA/927(AHM)2026.
Topics: Insolvency Proceedings, NCLT Order, Stakeholder List